The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-10

TO every thing that has been said, there are many
who fear that there is truth in the statements
published in the Times There is conviction
here that if the road shall pass into other
hands. the express and telegraph systems will
go with it. The matter is discussed on the ex-
changes and the street corners, and, while some
approve, many condemn the action.
Mr. Garrett has been seen since l o'clock to-
day. and the statement in the New York Times
was read to him. He still persisted that he has
nothing to say about the rumored deal. 1t is
stated, however, by one to whom Mr. Garrett
talked that he used the expression 1--WE are in
New York" The excitement increases here be-
cause of the refusal of Mr.. Garrett to make any
communication in regard to the matter. The
most careful inquiry cannot discover that the
city authorities have been consulted, though the
city owns more than one-ffth OF the entire stock
of the Baltimore & Ohio road. The city, with
the Johns Hopkins University and the Garrett
family. own majority of the stock. In tele-
graph circles there appears much ignorance
of what has been going as elsewhere. The
people here generally have settled down to the
conclusion that deal has been effected and that
Baltimore will become only way station in the
great railroad system
Much discussion has been had this afternoon
In regard to the rumored deal. The IL, 900 shares
of the b. & 0. stock is believed by many to have
been disposed Of Several of the trustees were
approached. and they all declined to speak of the
matter. The refusal of the trustees to speak
sold its holding. Mr.. Garrett, this afternoon,
was shown the latest dispatches from New York,
and, after carefully reading them, smiled and
said Il have nothing to say When l have
anything TO give the press will do it cheer
fully" While tonight, the general impression
here is that some sort of arrangement has been
made for the surrender of the control of the
Baltimore s. Ohio railroad, it is positively stated
by gentleman intimate with Mr.. Garrett, that
no agreement contract exists for such transfer.
He at the same time stated that syndicate will
probably be formed of which Mr.. Garrett will
be member, for the working of such railroad
system as is spoken of. He further said there is
no law to prevent the voting by proxy OF all the
shares owned by the Garrett family, and enough
of others to make majority of the stock for any
deal the road authorities may deem desirable.
He also said that $3.50 per share had before been
offered and refused for transfer of majority
of the stock. 1t was said, this evening, that an
offer of Sc, 600, 900 had been made fer the Balti
tmore Il Ohios telegraph system, and s., 600 600
for the express business, both of which had been
declined. The determined refuss, of Mr. Garrett
to confirm deny any of the Statements which
have been made leave the people in anxiety.
Those who have always been stanch friends of
the Baltimore e Ohio road will not believe that
any transfer of the control of the road has been
will be made.
The People Who Are Really Interested.
PHILADELPHIA, March 9.--The Ledger. in it's
financial article tomorrow, referring to the al
legged Baltimore & Ohio deal" will say: 'In
the various reports that have got into crcula-
tion in the newspapers and on the news tapes,
there have been united in the alleged syndicate
who are supposed to be buying the Baltimore &
Ohio Railroad Company a great many large rail
way corporations and bankers We have made
inquiries the subject, and able to
report as the result that the Pennsylvania
railroad and the Lehieh Valley railroad have no
connection with the 'deal' that the controlling
powers in the Reading railroad management
have nothing to do with it, and that company
cannot be used by this syndicate in any such
connection: that the friends of Mr.. Austin Cor
bin deny that he has anything to do with the
movement, and that Drexel Morgan & Co., of
New York, and Drexel & Co., of Philadelphia,
have nothing to do with it
The record will say: San important meeting
OF the Adams express officials and others was
held in this city yesterday, and it was afterward
learned that the following interests were repre-
sented: The Western Union Telegraph Com
pany, the Adams Express Company, and the
Pullman Palace-car Company. These corpora
tons are stated to be interested in the deal, and
will as their share Of it, take the express. tele-
graphic and palace car privileges of the Balti-
more & Ohio systems, thus removing the mos,
formidable opposition that these different inter
ests now have by doing which they will ulti
mately get back all that they will invest in the
DEAL